Posted Date : June 20,2019
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1524
Government Authority located in Michigan; USA based organization looking for expert vendor for investment services for 2019 bond proceeds.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide investment services for 2019 bond proceeds to the government authority located in Michigan.
- Direct the investment and, when appropriate, direct the sale and reinvestment of all assets under management.
- Place all orders for the purchase, sale, loan or exchange of portfolio securities with brokers or dealers and give instructions to the custodian for delivery or receipt of cash and securities. All security purchases must have three disinterested bids, and the firm selected must keep records on the bids received.
- Provide independent confirmation of all securities transactions to the school district and the custodian bank.
- Monitor the creditworthiness of all investments under management.
- Provide the school district with regular monthly statements of investment activities and reconcile such statements with records provided by the custodian bank. Provide the school district with monthly reports of interest earnings, investment performance and the market value of all investments.
- Purchase all investments in compliance with the “fair market value” or “safe harbor” rules of the arbitrage rebate regulations.
- Provide the necessary documentation needed to the school district or agent to prepare arbitrate rebate computations.
- Work with the custodian bank to assure coordination of investments, delivery of securities and the availability of funds as needed to pay drawdown requirements.
- Provide a highly rated money market fund or local government investment pool which exclusively invests in the securities described in section I. permitted investments.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: July 02,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Image may be NSFW.
Clik here to view.
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1524
Government Authority located in Michigan; USA based organization looking for expert vendor for investment services for 2019 bond proceeds.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide investment services for 2019 bond proceeds to the government authority located in Michigan.
- Direct the investment and, when appropriate, direct the sale and reinvestment of all assets under management.
- Place all orders for the purchase, sale, loan or exchange of portfolio securities with brokers or dealers and give instructions to the custodian for delivery or receipt of cash and securities. All security purchases must have three disinterested bids, and the firm selected must keep records on the bids received.
- Provide independent confirmation of all securities transactions to the school district and the custodian bank.
- Monitor the creditworthiness of all investments under management.
- Provide the school district with regular monthly statements of investment activities and reconcile such statements with records provided by the custodian bank. Provide the school district with monthly reports of interest earnings, investment performance and the market value of all investments.
- Purchase all investments in compliance with the “fair market value” or “safe harbor” rules of the arbitrage rebate regulations.
- Provide the necessary documentation needed to the school district or agent to prepare arbitrate rebate computations.
- Work with the custodian bank to assure coordination of investments, delivery of securities and the availability of funds as needed to pay drawdown requirements.
- Provide a highly rated money market fund or local government investment pool which exclusively invests in the securities described in section I. permitted investments.
[C] Eligibility:
- Onshore (USA Only);
[D] Work Performance:
Not Applicable
Budget :
Deadline to Submit Proposals: July 02,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Image may be NSFW.
Clik here to view.
